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  • Hong Leong Investment Bank Research has lowered its target price for plantation firm Kuala Lumpur Kepong Bhd to 23.39 ringgit from 23.60 ringgit to reflect lower forecasts for the company's earnings. KLK's existing refineries were affected by the revision of export tariffs in Indonesia and the weak global economic outlook, Hong Leong added.

  • GLOBAL MARKETS-Dollar firms on uncertainty over Spain bailout timing. revised down its 2012 capital expenditure to around $165 million- $190 million from $300 million earlier, on concern over sluggish global coal industry, said finance director John Joseph Ramos, adding that the firm has delayed working on some infrastructure projects until the next year.

  • The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.

  • MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.

  • HONG KONG, Oct 3- Hong Kong shares are set to open flat to slightly lower after a long weekend as uncertainty over the timing of Spain's request for a bailout and worries about the global economy keep investors on the sidelines.

  • SINGAPORE, Oct 3- U.S. crude slipped below $92 a barrel on Wednesday, pressured by worries of slowing economic growth in the main consumer nations, while the festering euro zone debt crisis added to uncertainty. was down 24 cents at $91.65 a barrel by 0009 GMT, after settling down 59 cents at $91.89 on Tuesday.

  • *Former international trade and industry Aziz attends Asian Business Seminar Circuit 2012 at The Ritz-Carlton Hotel, Kuala Lumpur at 0800 am. *The CNBC Summit Malaysia at Hilton Hotel, Sentral, Kuala Lumpur at 0845 am. *Halal Industry Development Corp hands flag to the Malaysian Culinary Team at Hilton Hotel, Jalan Stesen Sentral, Kuala Lumpur at 0900 am.

  • *G-Resources, latest miner to be hit by protests, halts operations. *Indonesia gold output seen to fall in 2012, but to recover to 2011 level in 2013.

  • JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.

  • JAKARTA/ SINGAPORE, Oct 2- Indonesia's biggest coal firm Bumi Resources, facing a probe into its finances by London- listed Bumi Plc, a major shareholder, is considering selling mines and carrying out a rights issue to raise cash, officials said on Tuesday.

  • SINGAPORE, Oct 2- Asia's fuel oil market continued to weaken on Tuesday, with the prompt inter-month spread easing to a six-week low on lacklustre demand at a time when more supply is emerging. The balance October/November inter-month spread eased 50 cents to a backwardation of $2.38 a tonne, lowest since Aug. 21, according to Reuters data.

  • SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.

  • BANGKOK, Oct 2- Most Southeast Asian stock markets closed higher on Tuesday, with the Thai main index touching its highest in more than 16 years and most others hitting multi-week highs amid selective buying in regional blue chips. Indonesia's Astra International Tbk PT. and Malaysia's Axiata Group Bhd.

  • *Extend maturities for $1.8 bln debt to December 2016. COPENHAGEN, Oct 2- Banks are taking control of Danish shipping group Torm A/S in a rescue deal that extends repayments on $1.8 billion of debt and provides fresh funds, giving the firm time to wait for the tanker market to improve. "This deal is the rescuing of Torm," said Sydbank analyst Jacob Pedersen.

  • Oct 02- Fitch Ratings maintain the Rating Watch Positive on the ranks of Bank Danamon. RWP result of the acquisition proposal 67.4% share held by Temasek Holdings by DBS Group Holdings.

  • JAKARTA, Oct 2- Indonesia has delayed a plan to create a single time zone for the sprawling archipelago this month because of slow-moving bureaucracy. Indonesia is known for an inefficient bureaucracy and red tape, key challenges for investors in Southeast Asia's largest economy.

  • Oct 02- Fitch Ratings has affirmed the long-term national rating of PT Surya Artha Nusantara Finance based in Indonesia at' AA' with Stable Outlook and Short-term national rating at' F1+'. SANF ratings reflect Fitch's expectation for their support and commitment to a strong and sustained shareholder, PT Astra International Tbk.

  • SINGAPORE, Oct. 2- Spreads and CDS in Asia tightened marginally today after getting a boost from a better than expected ISM number in the US overnight that buoyed stock markets. However, overall it was a very uneventful day with a holiday in Hong Kong and China draining the liquidity from the market.

  • Oct 02- Fitch Ratings is maintaining Indonesia- based Bank Danamon's ratings, including its Long-Term Issuer Default Rating of' BB+' and its National Long-Term Rating of' AA+', on Rating Watch Positive. The RWP is pending the proposed acquisition of Temasek Holdings' 67.4% stake in Danamon by DBS Group Holdings.

  • Kawasan Industri Jababeka Tbl Pt leads on analyst revisions among 24 companies in Indonesia's financials sector that includes real estate companies, tracked by at least three analysts, data from Thomson Reuters SmarMine shows. The industrial estate developer has an Analyst Revision score of 99, the highest in the sector.